This scheme is a substitute for the traditional Chit Fund (Chitty) which incorporates savings and loans in a single product.

For savings it is almost like a recurring deposit of term varying from 25 months to a maximum of 120 months. The amount of monthly installment is fixed in proportion to the scheme amount and the duration of the scheme.
For example if the scheme amount is 25000 and the duration is 50 months the installment amount is Rs.500. if it is 500000 and the term 100 months the amount will be 5000 per month. In each scheme the number of members will be equal to the number of monthly installments.

For example if the scheme amount is Rs. 25000 and the duration is 50 months the installment amount is Rs.500. if it is Rs. 500000 and the term 100 months the amount will be Rs. 5000 per month. In each scheme the number of members will be equal to the number of monthly installments.
The maximum term is 120 months and the maximum amount is Rs. 10 Lakh.
The due dates and monthly installment amount to be remitted are given below. This will be updated by 30th of every month showing the due date and amount for the next month.

The details of proposed new schemes to be commenced from each branch will also be displayed here. Members can download the scheme rules cum application form from here

GDCS Application form download


GDCS loan application download


GDCS Manager Authorisation download


GDCS Temporary advance application download


Group Deposit and Credit Scheme (GDCS)
TABLE SHOWING DUE DATES AND INSTALMENT AMOUNTS TO BE REMITTED IN THE MONTH OF: January 2013

Please Select The Branch

Perumpanachy Main Branch

Sr.No GDCS No Term Amount Inst.No Due Date Time Amount
1 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
2 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
3 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
4 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
5 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
6 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
7 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
8 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
9 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
10 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
11 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
12 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
13 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
14 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
15 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00
16 135/2012 40 50000 26 13/06/2013 20140730164225.00 1235.00

Proposed new schemes from this Branch:

Term:100months
Installment Amount: 2000.00 = 2 Lakh Rupees
Term:40months
Installment Amount: 2500.00 = 1 Lakh Rupees
Term:25 Months
Installment Amount: 4000.00 = 1 Lakh Rupees

 


 
 



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